Vedanta Resources & Konkola Copper Mine lose appeal against English Court
FTSE 250 firm Vedanta Resources posted an announcement on Friday informing that the English Court of Appeal had dismissed it and Konkola Copper Mine's (KCM) appeal against the English court, concerning the court's jurisdiction to hear and adjudicate claims by Zambian residents regarding KCM's operations in Zambia.
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Vedanta and KCM unsuccessfully appealed the ruling imposed, on 27 May 2016, by the English High Court of Justice, Queen's Bench Division, Technology and Construction Court stipulating that the English courts had jurisdiction to hear and adjudicate the claims.
The companies said they were now examining the court's judgement and would seek to appeal the Court's decision.